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Your Mini Guide To Health Insurance
by
Kirti Saxena
The aim of the health insurance is to protect you and your family members from the financial obligation arising in case of hospitalization. If you buy a comprehensive health insurance policy it would help you save your hard earned money to fulfill other responsibilities.
If I buy a health insurance policy would it ensure lifetime coverage against ailments?
Purchasing a fresh policy and paying the first premium does not ensure lifetime coverage. It is mandatory to get your policy renewed every year to avail the benefits. If you fail to pay the premium even after the grace period the policy gets terminated.
Is there any limit on claims being allowed in one policy year?
No, you can make any number of claims provided you do not exceed your sum insured.
For example, the sum insured is Rs 5 lacs as per your policy. If you make multiple claims amounting to Rs 5 lacs they would be sanctioned. But if your claim amount exceeds Rs 5 lacs in one policy year, then the claim would be rejected.
Do I require medical check-up to buy medical policy?
Medical check-up is required if buying a fresh policy if you do not meet the specified age criteria of the service provider.
For example, a certain service provider may issue a fresh policy to the client without medical check-up if he/she is below 45 years but would require them to undergo the medical tests if they are above 45 years. The age criteria may differ for different general insurance companies.
If I reside in Kota and my family resides in Delhi, would my policy cover us all and give me the facility to undergo the treatment in the respective residing city in case of hospitalization?
For sure, you policy would cover you all and you would be entitled to avail treatment in your respective cities. The health insurance policies are valid throughout India and you can avail treatment in any city.
If I am a foreign national and my family member is in India, can I take health insurance policy for them?
Yes, you can go ahead with the health insurance policy but the coverage would be extended in India only and not abroad.
What is Network and non-network hospitalization?
A hospital that has a tie up with your insurance provider for providing cashless treatment is called a network hospital. The expenses are settled directly between the insurance provider and the network hospital.
On the contrary, the hospitals that do not have any agreement of providing cashless treatments are known as non-network hospitals. You need to pay the expenses and later file a claim for reimbursements with your service provider.
How do I buy health insurance?
Many general insurance companies provide the provision of buying online health insurance. Navigate through websites of various providers and then treat yourself with the best buy.
Kirti Saxena is a web enthusiast and a writer for different areas including insurance and banking and numerous other sectors. For more information visit:
Health Insurance
and
Online General Insurance
.
Article Source:
ArticleRich.com